Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: JohnRLott; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; FromLori; Gilbo_3; NFHale; ...
RE :”The problem, though, isn't that there is insufficient Republican support to pass it. The problem is that the bill will ultimately increase long term unemployment and it will reduce our GDP. Ironically, if some of Obama’s attacks are correct, Republicans can only be accused of trying to help Obama’s presidency. Suppose, as the president said on Monday, that Republicans really believe “that emergency relief somehow discourages people from looking for a job.” If that were true, those Republicans who are opposing the added extension of benefits would believe that defeating it would lower the unemployment rate.

While this money cannot help reduce unemployment and can only slow the recovery ;letting it expire will not have a noticeable positive effect in the short term. There is no way to measure the effect so politically there is no short term benefit to letting it expire, only a drawback. In the long term Obama gets the blame we assume.

Now let's go to Democrats so called economic theory : That “ Unemployment compensation creates jobs because the money is spent immediately creating the needed demand for new workers” . Given that politically convenient theory Democrats accuse Republicans of trying to hurt the recovery by blocking this key ‘jobs’ bill. (The Democrat jobs bill is paying people to not get a job.)

Democrats plans, keeping the country unemployed works much better if you have a Republican President to blame. Oh, do they miss Bush ever.

16 posted on 07/20/2010 1:24:18 PM PDT by sickoflibs ( "It's not the taxes, the redistribution is the federal spending=tax delayed")
[ Post Reply | Private Reply | To 1 | View Replies ]


To: sickoflibs

Timing is everything. Get the unemployment benefits extended beyond the November midterms and deal with it again during the lame duck session. Obama would rather continue the payments than have voters even angrier that they have no jobs.


19 posted on 07/20/2010 1:31:38 PM PDT by kabar
[ Post Reply | Private Reply | To 16 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson